Another Rumor Of A Plan For A Conference Call To Bail Out Everyone

Just in case the epic collapse in the NY ISM (an indicator virtually nobody had heard of until today) which tumbled from 61.2 to a 49.9 contraction, was not enough of a hint that the economic virtuous cycle is a myth, and that CTRL-P'ing will be required, here comes the latest rumor via Reuters:

Will they discuss just any old plan, or DAS MEISTER PLAN? Stop talking about and just do it already. It's not like anyone expects it.

From Reuters:

Finance ministers from the Group of 20 will discuss the European debt crisis on Tuesday, Canadian Finance Minister Jim Flaherty said on Monday.

Asked whether the crisis was an issue for the G20, Flaherty told reporters: "I've been having discussions and I will have more discussions tomorrow morning, and subsequently with my G7 colleagues."

He added: "Those discussions also take place with some of the non-European members of the G20 ... who are concerned around the world outside of the euro zone with the potential consequences of a crisis in the euro zone, particularly a banking crisis."

Flaherty did not provide details about which colleagues he was speaking to and what the result of the talks might be.

Leaders of the G20 advanced and emerging economies will meet in Mexico June 18-19 and Europe is likely to dominate the agenda.

On Monday, financial markets were rattled by the deepening problems in the euro zone, as well as by disappointing U.S. jobs data and weak Chinese manufacturing figures, all of which spurred more concern about the global growth outlook.

Flaherty said Canada's economy was in relatively good shape compared with other industrialized nations, although he noted that employment data has been "a bit bumpy" in recent months, and that Canada could be hit by Europe's troubles.

"The real concern right now is Europe of course - the weakness in some of the banks in Europe, the fact they're undercapitalized, the fact the other European countries in the euro zone have not taken sufficient action yet to address those issues of undercapitalization of banks and building an adequate firewall," he told reporters.

Canada has no right to be in dicussion for bailing out others....Canada basically is just an excuse for a country and thinks that allowing immigrants in is the best way to raise the standard of living....when in actuality, the goverment is just financially supporting these immigrants who take advantage of the social welfare system there.

I just received an email that Nigeria has set aside the funds to bail out the EZ, but in order to process the transaction they will need to receive a wire in the amount of $4,000.00 from one Herman Van Rompuy.

“It’s the schemers that put you where you are. You were a schemer, you had plans, and uh, look where that got you. I just did what I do best. I took your little plan and I turned it on itself. Look what I did to this city with a few drums of gas and a couple of bullets. You know what I noticed? Nobody panics when things go according to plan. Even if the plan is horrifying. If tomorrow I tell the press that like a gang banger will get shot, or a truckload of soldiers will be blown up, nobody panics, because it’s all, part of the plan. But when I say that one little old mayor will die, well then everyone loses their minds! Introduce a little anarchy. Upset the established order, and everything becomes chaos. I'm an agent of chaos. Oh, and you know the thing about chaos? It's fair."

[Phone rings..Clink of receiver being lifted]"Hello..?""Yes, a collect call for Mrs. Floyd from Mr. Floyd.Will you accept the charges from United States?"[clunk! of phone being put down]"Oh, He hung up! That's your residence, right? I wonder why he hung up?Is there supposed to be someone else there besides your wife there to answer?"[Phone rings again...clunk of receiver being picked up]"Hello?""This is United States calling, are we reaching...[interrupted by phone being put down]"See he keeps hanging up, and it's a man answering."[whirr of connection being closed]

The temporary forces holding the US dollar up are the same ones holding the Canadian real estate market up. The world is scared shitless, and as a result they're buying up anything that looks expensive. Psychology can be a bitch, but reality always comes out victorious in the end.